legal tender

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

In July 2022, it launched gold coins as legal tender to stabilize the local currency.

From Seattle Times

He collects torn or soiled foreign currency notes that have been rejected by supermarkets and other traders - mostly US dollars or South African rand, which are both legal tender in Zimbabwe.

From BBC

In 2021, El Salvador made waves as the first nation to adopt the cryptocurrency bitcoin as legal tender, alongside the U.S. dollar.

From Reuters

The country's move to make bitcoin legal tender in September 2021 effectively closed the doors to IMF financing.

From Reuters

The Salvadoran leader is eager to make the Central American country a cryptocurrency hub, adopting bitcoin as legal tender in 2021 and unveiling plans to create the world's first "bitcoin city."

From Reuters